Sou Hu Cai Jing·2025-10-27 02:13Core Viewpoint - The Bank of Communications has announced a change in its precious metals wallet accumulation plan, linking the minimum accumulation amount to real-time gold prices, effective from October 27, 2023, in response to market fluctuations [1][5]. Group 1: Changes in Accumulation Plans - The minimum accumulation amount will now be at least equal to the real-time gold price, with increments required in multiples of 100 [1][3]. - Other banks, including Industrial and Commercial Bank of China, Bank of China, Ping An Bank, and Industrial Bank, have also raised their minimum investment thresholds for gold accumulation plans in October [4][6]. Group 2: Recent Gold Price Trends - As of October 24, the London gold price was reported at $4,111.555 per ounce, having increased by 24% since late August [3][9]. - The recent surge in gold prices is attributed to three main factors: declining real interest rates, rising geopolitical tensions, and increased gold reserves by central banks in emerging markets [9].